Binance Targets Own Staff with Monthly Phishing Attacks

Binance has admitted to conducting monthly phishing attacks on its own staff in order to test their vulnerability to cyber threats.

This is an unusual admission from a major cryptocurrency exchange, but it highlights the importance of security measures in the industry.

The information comes from BitRss's Asia Express news segment, which reports that Binance also censors its competitors' code, including BitChat, in India.

While the motivations behind this censorship are unclear, it is likely related to regulatory issues or concerns about market competition. Phishing attacks on employees can be a useful tool for exchanges to test their defenses and identify vulnerabilities before they can be exploited by hackers.